This short concept-piece emphasises and explores a critical gap in financing in a rapidly decarbonising world – the need for bespoke financing solutions for emitting assets that need to be phased down and out in order to achieve climate goals. ‘Phase Down Finance’ is proposed as a distinct type of finance, which enables fossil fuel and other high emitting assets to be actively financed conditional on their adherence to an accelerated, managed and Paris-aligned phase down trajectory.
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